Aris Water Solutions, Inc. (NYSE:ARIS), a water management company with a market capitalization of $1.42 billion and impressive year-to-date returns of nearly 198%, recently reported a significant stock sale by Gable S Corp, a major shareholder. On December 27, 2024, Gable S Corp sold 3,641 shares of Aris Water Solutions' Class A common stock. The shares were sold at a weighted average price of $25.02, amounting to a total transaction value of $91,097.
Following this transaction, Gable S Corp holds 2,631,150 shares indirectly. This transaction was jointly filed by Gable S Corp and Scott Sherman A, who is the President and sole owner of Gable S Corp. Both entities have stated that they disclaim beneficial ownership of the securities, except to the extent of their pecuniary interest.
The shares were sold in multiple transactions with prices ranging from $25.00 to $25.06. The sale reflects Gable S Corp's continued adjustment of its holdings in Aris Water Solutions.
In other recent news, Aris Water Solutions has been the subject of financial analysis and business developments. The company's third-quarter earnings for 2024 demonstrated robust growth, with a 6% year-over-year increase in produced water volumes and a 21% rise in adjusted EBITDA, which reached $54.3 million. In response to this positive financial trajectory, Aris raised its 2024 adjusted EBITDA guidance to between $208 and $212 million.
Stifel, an investment firm, has adjusted its target for Aris Water Solutions to $28, reflecting the company's ongoing growth and favorable position for rewarding shareholders. This decision was influenced by an adjustment in the target multiple, increased to 9.0x from the prior 8.5x, indicating a positive outlook on the company's valuation.
In other developments, Aris announced a fourth-quarter dividend of $0.105 per share and projected mid-single-digit growth in produced water volumes for 2025. The company is also exploring cost reduction opportunities and potential mineral extraction projects. However, Aris' share repurchase programs are currently on hold due to limited float, and potential regulatory impacts from new setback rules in New Mexico are being monitored. Despite these challenges, Aris remains committed to improving operational efficiency and driving growth.
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